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Delayed Share Price: 285.00p
Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, announces that it has been awarded a further contract, worth approximately US$3.2 million, relating to the upgrade and expansion of the surveillance system at a major gaming resort in South-East Asia (the “Customer”).
This Contract is in addition to the US$10m contract award announced on 18 June 2024 (together, the “Contracts”).
The Customer has been using Synergy, the Company’s proprietary software platform, since 2014 and the Contracts will expand and upgrade the Customer’s existing system to the latest version of Synergy.
The Contract is expected to be delivered in the year ending 30 November 2025.
Amanda Larnder, Interim Chief Executive Officer and Chief Financial Officer, commented: “The award of these contracts is a testament to the expertise of the Synectics team and our industry-leading software. We have been working with this customer for many years and we are delighted that they have committed to this upgrade and expansion programme with us.”
For further information, please contact:
Synectics plc
Amanda Larnder, Interim CEO and CFO
Claire Stewart, Company Secretary
Tel: +44 (0) 114 280 2828
info@synecticsplc.com
Shore Capital
Tom Griffiths / David Coaten / Rachel Goldstein
Fiona Conroy – Corporate Broking
Tel: +44 (0) 207 408 4090
Vigo Consulting
Jeremy Garcia / Fiona Hetherington / Peter Jacob
Tel: +44 (0) 20 7390 0230
synectics@vigoconsulting.com